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Showing 20 of 362 results by colenax
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Board Altcoin Discussion
Re: Am done with KYC
by
colenax
on 06/05/2019, 10:02:32 UTC
There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle


I think there will always be positive and negative impacts from KYC.
however, the current situation is that there are many people who complain because most of theico projects don't make a profit and even become scams.
I think this requires community cooperation and regulation that can mediate this problem.
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Board Altcoin Discussion
Re: Why ICO'S Scamed since last year
by
colenax
on 06/05/2019, 09:59:49 UTC
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??


in any business or industry there will always be scammers who exploit someone's ignorance and lack of experience such as new investors, for example.
I think this will be everywhere without exception. there are many ico projects that scam in 2017 until now, I think this is one of them which makes a sense of lack of trust and the collapse of the crypto market.
so we will really need regulation
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Topic
Board Altcoin Discussion
Re: Is regulation good or bad?
by
colenax
on 04/05/2019, 08:10:15 UTC
In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?


I think there is always a bad side and a negative side, especially for regulations which are the legal umbrella for the crypto industry. I can't describe it harshly, because the current gerulasi isn't there and in fact we will really need it to protect investors, especially ico who is a scam.
regulation can prevent ico who only makes quick money and who does not have the potential especially those that do not have the crypto characteristics themselves.
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Topic
Board Altcoin Discussion
Re: Ethereum goes to the top!
by
colenax
on 04/05/2019, 08:07:21 UTC
I see price growth and ethereum charts getting better. Although it is difficult to reach $ 200. Well, this is a good opportunity to start buying ethereum. Is this a good idea for now? Let's discuss it. Thank you in advance.

in my opinion the current situation is easier to trade daily with a short-term pattern. yes this is just what I do to get every profit even though it's small. but at least this can avoid substantial losses because I'm not sure the market will be bullrun this year.
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Board Altcoin Discussion
Re: Cryptocurrency investment
by
colenax
on 02/05/2019, 10:18:28 UTC
I used to get worked up over a loss in cryptocurrency not until I realized that these losses can be mitigated using the right investment strategy.
Investing and holding a coin is not the issue here, the issue is knowing when to sell.
The most successful investors are those who know when exactly to sell.
And to do that, one need doses of patience so as not to fomo and sell at loss.
The difference between the rich and the poor is simply the ability to know the right time to sell.



I think experience and knowledge are one of the most important factors in this industry, both in trade and investment.
we all suffered heavy losses after accidents and prolonged corrections.
but if we or I don't do something that way I can't reduce every loss I suffer.
so this is where we can learn
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Topic
Board Altcoin Discussion
Re: Are IEO's bad?
by
colenax
on 02/05/2019, 10:16:00 UTC
My understanding for IEOs is basically instead of project handling raising funds etc. It will be for an exchange to do so.

An IEO hosted by Yobit or Binance can clearly not be compared. In other words, the exchange gives more credibility to the project regardless of whether it's worth it or not.

Am I the only one who thinks this is actually a bad thing and make people focus on the exchange hosting rather than the actual project and what the team is offering etc.?



I think your opinion is correct and we need to discuss this.
I see that the IEO is becoming a new trend and most of the projects that I follow and have ended up doing IEOs in some exchanges.
which needs to be prioritized as you say.
but according to sources that I read, one of the positive side makes investors more flexible and trustworthy than investing in ico.
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Topic
Board Altcoin Discussion
Re: HODL for only the brave !?
by
colenax
on 29/04/2019, 11:40:21 UTC
HODL for only the brave  Huh
What do my friends say, I think our hopes will be rewarded! Wink


not only courage is needed in this industry
but the challenges ahead will be even greater for investors who are holding back for a long time.
like what happened to this accident and correction.
in my opinion experience, knowledge and always looking for all information is something that is required in this industry.
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Topic
Board Altcoin Discussion
Re: KYC Requirement for Bounty Managers before they require KYC to bounty hunters.
by
colenax
on 29/04/2019, 11:38:09 UTC
I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.


I agree with your idea
but I don't think that will apply and apply to bounty campaign managers.
so it will be biased and futile, in my opinion Bounty is no longer popular and will be even less
gradually the bounty will likely be replaced by something new. yes this is only my thinking
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Topic
Board Altcoin Discussion
Re: CryptoKitties - Ethereum's first blockchain game
by
colenax
on 28/04/2019, 07:03:20 UTC
Have any of you guys tried playing cryptokitties? The gist is you breed cats and sell rare breeds, all using Ethereum. No shitty altcoin or anything scammy. If you actually have the time, it is quite profitable.

I believe this game only goes further to show the potential of Ethereum to reach heights bitcoin has never known.


there are lots of crypto games, especially bitcoin
but I did not get the actual game that actually involved crypto and blockchain.
most games don't develop properly I think it needs something that evokes ideas and technologies that are truly real
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Topic
Board Altcoin Discussion
Re: LESS REWARD
by
colenax
on 28/04/2019, 07:01:34 UTC
It is no news that rewards of bounty campaigns are getting lesser by each passing day. Many still feel that the reward will increase when bull run come but i doubt if there will be any changes to the reward because developers and teams have now adopt the less reward as a strategy to protect the price of their token. Many bounty hunters are crying everyday for a better reward which will not likely come. I see bounty rewards more as a privilege than a right. Many at times if the token has been listed before the reward was given out,there may even be a reduction especially when the token is doing well in the market. The question to my fellow hunters is that, why cry over spill milk? when you can actually produce as much as you want. Do you know you can make much more than your bounty rewards trading some of those token you have promoted. I have made nothing less than 300% of my bounty rewards trading some of the tokens i have promoted,one of such token is Vanta (VNT). I made 500% of the money i invested participating in vanta trading competition on Allbit for 34 days which is 2000% of the bounty reward that i was given,why many were complaining of the bounty rewards,i was smiling to my portfolio. Why limit yourself to bounty rewards when there are other areas you can explore. The more you waste your time crying over bounty rewards the more you will be blind to other opportunities around the project. As bounty hunter my advice is
      1).Take time to monitor closely the progress of the project you are promoting to see other opportunity apart from the bounty reward
      2).Be ready to invest when opportunity present itself.

With the number of bounty hunters increasing by the day,the reward is more likely to reduce than to increase. The earlier will accept that and move on the better for everyone of us. We should understand that, crying for unrealistic rewards can make developers and teams to promised unrealistic rewards.


in fact, I see the number of participants for bounty hunters currently decreasing and not as interesting as in the previous year.
You can see and monitor it in many campaigns and compare it with the percentages in the previous year.
but I agree if the current situation is so unfavorable for any campaign, most of the results of the token after entering the exchange will decrease by 90%. and clearly this is detrimental to all aspects including investors.
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Board Altcoin Discussion
Re: KYC defeats the purpose of Crypto. Thoughts anyone?
by
colenax
on 18/04/2019, 11:15:11 UTC
The KYC process annoys the hell out of me. I remember a time when you could trade coins freely and without owning up to your identity at all. Not that I'm hiding anything, I just don't like every man and his dog having a copy of my government ID - I feel that's very intrusive. I mean the whole idea of cryptocurrency was anonymous peer-to-peer trading without government intervention. Now it seems you can't fart in the wrong direction without someone breathing down your neck.

I mean I get it, exchanges, ICO's, etc, want to be on the safe side -- although what I really object to is these places accepting my crypto first and then telling me that I need to give them a mugshot if I want to use it, or withdraw it again. It's a nightmare.

Anyone else a bit miffed with all this identity craziness we're in right now?

Or am I just being a grumpy old man?


I don't mind doing KYC in every campaign or investing as long as my data is safe.
I don't think you need to worry if you don't want to do it.
and almost at this time, both investors and bounty hunters are always included in KYC in each ico
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Board Altcoin Discussion
Re: Important question to Investors!!
by
colenax
on 18/04/2019, 11:13:07 UTC
Hey guys. As the title suggests, i've a question to the presale Investors.

Do you invest in Presales?

What do you research first in order to invest?

What makes the project interesting and worth investing?

I ask all the investors, what makes a coin Perfect!?!

A working platform?

Active devs?

or do you guys see something else too?

Please let me know, i'm really keen to know such stuff before becoming an investor myself. Thanks. Smiley


in my opinion
all aspects you have to do, be it research to the team and developers. ideas and technology became a serious problem for an assessment of investment in ico.
You have to do more research and research before making a speculation, especially for now most are scams
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Topic
Board Altcoin Discussion
Re: Can Cardano Replace Bitcoin in 10 Years?
by
colenax
on 16/04/2019, 07:33:27 UTC
If Cardano manages to successfully launch PoS, and it really gets so decentralized as Charles claims, I think in the next 10 years Cardano can surpass Bitcoin, not just as a utility but as a marketcap and a store of value.

Any thoughts?

Is it true ? I do not imagine that, because it is almost impossible for bitcoin to be rivaled by cardono. before that, there were many altcoins that were far more potent than cardono in my opinion. so it's far from possible to beat bitcoin.
especially bitcoin is crypto which is very market binding
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Board Altcoin Discussion
Re: How did you end up with shit coins?
by
colenax
on 16/04/2019, 07:31:13 UTC
I am working on an article about how smart people ended up buying shitcoins – I need some info on why you bought shitcoins (if any). If you choose "other" then can you care to comment on what that other means? Would appreciate if you helped me get an insight!
Thanks in advance.

of course, the hope of all investors is to get profits from investment returns and not become shitcoin. this is a risk of investment or trade, so I don't think anyone wants to buy shitcoin because it is very detrimental
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Board Altcoin Discussion
Re: What we should do for bitcoin
by
colenax
on 15/04/2019, 15:01:19 UTC
What we should do for bitcoin to make main currency of whole world
I think we need unity of all crypto lovers to spread awareness about btc to fast mass adoption
What all you think


Bitcoin has been known to almost all over the world, except that not all countries legalize it. so it will be very difficult to make bitcoin a currency that is used throughout the world.
so for now only traders and communities like us keep using it
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Board Altcoin Discussion
Re: Can Cardano Replace Bitcoin in 10 Years?
by
colenax
on 13/04/2019, 12:53:58 UTC
If Cardano manages to successfully launch PoS, and it really gets so decentralized as Charles claims, I think in the next 10 years Cardano can surpass Bitcoin, not just as a utility but as a marketcap and a store of value.

Any thoughts?


there are many altcoins compared to bitcoin, as well as the shift in bitcoin as the peak chain of investment and crypto trading. but until now none of the strong candidates really can replace bitcoin. this is a fact
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Board Altcoin Discussion
Re: is advertising for ICOs unethical?
by
colenax
on 13/04/2019, 12:51:44 UTC
I've noticed many ICOs have to spend a lot of money on promotions and advertising.

For example, let's say an ICO raises 10 million dollars but has to spend 9 million on promotion.

Therefore, they only really raised 1 million for the project.

Isn't this unethical?

If you're starting a company and looking for investors the traditional way via stock equity, you would never spend 9 million or even 5 million or even 2 million in order to raise 10 million from investors.

This begs the question, what ratio of promotion cost versus funds raised for ICOs is ethical?

And how do we know if an ICO is using an ethical ratio?



well, where did you get information like that?
I think there is management to overcome the budget for advertising and how much sales to get. so I think what you say is not true at all
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Topic
Board Trading Discussion
Re: No trades without loss
by
colenax
on 12/04/2019, 03:42:31 UTC
Crypto currency trading is quite hard; we mostly lose some and we get to win some.

And the tendencies of making the right decision is what ensures whether our portfolio is in profit or losses
In order to ensure consistency; we have to avoid fud and be focused

NB: this is my personal experience from trading and I do hope you get to give more insights and correct my wrongs
Thanks in anticipation


I think crypto trading does not have a higher level of complexity than the trading of real stock exchanges. but that does not mean crypto trading is easy, the level of risk is always there especially nowadays that is filled with a lot of fud and market manipulation.
but what you say I agree and experience is the most important thing
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Topic
Board Altcoin Discussion
Re: Binance(BNB) best alt coin !
by
colenax
on 11/04/2019, 09:03:39 UTC
If bitcoin will reach 20k usd then BNB coin will be aprox.70 usd with current BNB price.on that time BNB coin coin will be the most deairable coin.
This is the right time to invest in BNB coin..
This coin will touch 100 usd surely in future.it has a great potential.
Ico price was 0.1 usd and today.....😵insane growth


situations like this will be very difficult to predict, I believe in binance especially in exchange.
but it is too early to speculate because we will never really know when actual growth will occur.
too risky to invest in seeing there is no truly strong momentum in growth, including for the BNB
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Board Altcoin Discussion
Re: Team also needs to pass KYC
by
colenax
on 11/04/2019, 09:01:37 UTC
Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?


it seems like a good idea
but I don't think that will be done by a team from an ico, yes especially those that lead to scams. maybe it really needs regulation as a supervisory body for all ico projects